Artifex Folios

Durable Investment Portfolios Customized to Your Goals


November 30, 2012

The AFG  CFI, or Core Fixed  Income model, is comprised of exchange-traded funds (ETF’s) and mutual funds that focus on taxable bonds, preferred stocks, inflation-protected bonds, and global fixed income.  This is a more unrestrained model than CMI, and is more suited to investors in lower tax brackets or inside of retirement and tax-favored accounts. As with CMI, We have a preference in general for intermediate to shorter-term debt at this point in the bond / economic cycles.   This model has performed as expected through the years, and has routinely exceeded it’s benchmark (The Dow Jones Corporate Bond index).

The inception date of this model is 11/9/09 and it has generated a total return of 20.77% vs.benchmark return of 7.65% since that date.  This model’s return for 2016 (1/1/2016-12/31/2016) was 2.62% vs the benchmark return of .61%.

Model Risk Metrics as of 1/18/2017:

Beta vs. S&P 500: 0.00 / Low

Volatility / Absolute risk: 3.09% / Low

Dividend Yield: 1.73%

Representative Holdings:

SHY - iShares Barclays 1-3 yield Treasury Bond Fund ETF

IEI - iShares 3-7 Year Treasury Bond

CIU - iShares Intermediate Credit Bond

TIP - iShares Trust Barclays TIPS Bond Fund ETF

BIL - SPDR Barclays 1-3 Month T-Bill ETF

WIP - SPDR Citi International Government Inflation Protected Bond ETF